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Internal Audit and Sox

Internal audit can be an enabler of good business. A well designed risk management and internal audit function can be a strategic change agent.

Are you getting the value that lies between audit's governance and consulting responsibilities? If not, give us a call.

The Institute of Internal Auditors (IIA) defines Internal Audit as an independent, objective assurance and consulting activity designed to add value and improve an organization's operations. Historically, it was believed that Internal Audit was a necessary evil and that of a compliance function. Today, audit departments add value to an organization’s strategy, operations, and risk management activities by proactively identifying unforeseen error in processes, systems and behaviors. Likewise, best-in-class Sarbanes-Oxley (SOX/J-SOX) compliance initiatives enhance an organization’s enterprise value and control.

The performance of your function is dependent upon risk identification, expertise, recommendations, and proactive monitoring of audit findings. Weak Internal Audit departments lack the ability to drive change and, as a result, resources invested in the function are lost.

Our IA and SOX solution can help you get the most value from your financial, operational and compliance oversight. Learn more about our success stories to better understand how we can serve your business.

HOT NEWS

Register for the Orchid Firearms Manufacturing and Subcontractor Program
For under $150 and less than one day of your time we may change your business forever. Sponsored by Remington Outdoor Company. Learn More.Notable Participants:

Real-Time Education

-This is the first role-based, online and print Learning Management System (LMS) for FFLs subject to federal and state firearms regulation, as well as import, export and ITAR regulations.We developed this program in response to FFLs who asked, “Do my employees understand what it takes to be compliant?” Until now, there has been no online and print education to enhance compliance knowledge.

Firearms Industry Blog

You may have heard some horror stories…. They come intentionally when the owner isn’t there, they “swarm&r...

Another Success Story

Orchid serves more than 35% of the Top 40 Type 07, 08 and 10 FFLs. Get a benchmark study today. Identify weaknesses in your long-term firearm compliance sustainability. Read more of our Success Stories.

Orchid Advisors provides operational consulting services and electronic information for general informational purposes only. It should not be considered a formal or informal interpretation of law. It is not intended as professional counsel, should not be considered legal advice and should not be used as such.